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<br />Section 5.02. Observance of Laws and Regulations .........................................................26
<br />Section 5.03. Prosecution and Defense of Suits ...............................................................27
<br />Section 5.04. Accounting Records and Statements...........................................................n
<br />Section 5.05 . Further Assurances......... ............. ................. ......... .......... ..........,...,...,..,... ...2 7
<br />Section 5.06, Against Encumbrances. ................. ................,.. ......., .........",........,........... ...27
<br />Section 5.07. Against Sale or Other Disposition of Prop em' ...........................................27
<br />Section 5,08. Against Competitive Facilities...............,....................................................28
<br />Section 5.09. Tax Covenants ...........................................,............,...................,..............,28
<br />Section 5.10, Maintenance and Operation of the Enterprise: Budgets .............................28
<br />Section 5.11, PaYment of Claims ......................................................................................28
<br />Section 5.12. Compliance with Contracts.......................,...............................................,29
<br />Section 5,13. Insurance ......................,............,......,......................,....................,.............,29
<br />Section 5.14. Books and Accounts: Financial Statements................................................30
<br />Section 5.15. Pavment of Taxes and Compliance with Governmental
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<br />Regulations....,..,.....,................., .........................,.........."......,........... ..31
<br />Section 5.16, Amount of Rates and Charges ....................................................................31
<br />Section 5.17. Collection of Rates and Charges.................................................................31
<br />Section 5. I 8. Eminent Domain Proceeds..........................................................................32
<br />Section 5.19, Continuing Disclosure to Owners...............................................................32
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<br />ARTICLE VI DEF AUL T AND LIMITATIONS OF LIABILITY .........................................32
<br />Section 6.01. Events of Default and Events of Mandatorv Acceleration:
<br />Acceleration of Maturities,...,...,..,...,......,......,.........................,...,...... ,32
<br />Section 6,02. Other Rernedies of the Trustee....................................................................34
<br />Section 6.03 . Non-Waiver..............".....................,.............,.......................,...........,......".34
<br />Section 6.04. Remedies Not Exclusive .............................................................................34
<br />Section 6.05, No Liabilitv bv the Trustee to the Owners ..................................................34
<br />Section 6.06. Limitation on Owners' Right to Bring Suit ................................................35
<br />Section 6.07. Application of Funds Upon Default............................................................35
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<br />ARTICLE VII THE TRUSTEE ,......,........"......"......"......,......,.,......."......,......"...".......,..."..37
<br />Section 7.01. Trustee: Duties. Removal and Resignation.................................................37
<br />Section 7.02, Compensation of the Trustee ......................................................................38
<br />Section 7.03. Protection to Trustee .....,.......................,.........,.......,.......,.....................,....,38
<br />Section 7,04. Pavrnent Limited ..,........"......"......"................,.. .....,.......".,....,.......,......,....40
<br />Section 7.05, Merger or Consolidation .............................................................................40
<br />Section 7.06, Funds and Accounts....,..,....,......."....,.,.........,......"..................,....,......,....,.40
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<br />ARTICLE VIII AMENDMENT OF OR SUPPLEMENT TO TRUST AGREEMENT ........40
<br />Section 8.01. Amendment or Supplement bv Consent ofOwners....................................40
<br />Section 8,02. Disqualified Bonds..."..................,........,..............""...............,......,....".... ..41
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<br />ARTICLE IX DEFEASANCE.............."......,........".........,.......,.......................,........"......,....4 I
<br />Section 9,01. Defeasance ,......"............"..,........,...".......,.,.......,......."......,.......".......,....,..4 1
<br />Section 9,02. Unclairned Monevs "',......,......."..............,..,.......,......."......,..,....,.............,.42
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<br />Pleasanton Cross Town Indenture (2).DOC
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